As part of the deal, Yahoo extended its $3 million loan to Launch, in addition to a $2 million loan it provided Launch late last month. Launch media operations will continue to be based in Santa Monica, California, and its co-founders, Chief Executive Officer David Goldberg and President Bob Roback, will remain with Launch following the acquisition.

Additionally Launch settled its copyright dispute with four major record labels (all major ones except AOL TimeWarner) and will very likely remove interactive components from its Launchcast service that launched the lawsuit in May.